Sihpol Never Talked About Trades

NEW YORK -- The former head of a Bank of America Corp. operations group that processed mutual-fund trades for Canary Capital Partners testified in the criminal trial of former Bank of America broker Theodore Sihpol that no one on his team knew about a special trading arrangement that the hedge fund used.

Michael Boston, who managed mutual-fund operations through an office in San Francisco during part of the period when Canary was trading with Bank of America, said his group assumed that markings on Canary trade tickets meant...